This 5-plex is being offered at $106,395 per unitâthis well-maintained 5-unit multi-family property currently generates $49,380 in annual rental income and offers immediate income with long-term potential. With a proven 16-year track record of stable occupancy, the property has demonstrated consistent rental performance. Current average rent is approximately $823 per unit/month, with rental rates believed to be below market, creating an opportunity for future income growth. Situated on approximately 0.9 acres near Canyon Lake Park, schools, shopping and restaurants, the property also includes a 28' x 15' garage, providing valuable additional storage. Improvements within the past five years include updates to roof, siding, windows, doors and electrical systems. Whether expanding an existing portfolio or seeking an established income-producing property, 1948 Hillsview offers an attractive combination of rental history, location, price per unit and potential upside.
Presented By: COLDWELL BANKER BLACK HILLS LEGACY
Interior Features for 1948 Hillsview Dr
Other Interior Features
Total Number of Units5
Unit FeaturesSome Units, Window Coverings, Fireplace
General for 1948 Hillsview Dr
Auction Y/NNo
CityRapid City
CoolingCentral, Window
CountyPennington
Docs on FileLeases
HeatingForced Air, Natural Gas
Originating MLSBlack Hills AOR
ParkingSee Remarks
Postal Code57702
Primary CityRapid City
Public RemarksThis 5-plex is being offered at $106, 395 per unitâthis well-maintained 5-unit multi-family property currently generates $49, 380 in annual rental income and offers immediate income with long-term po
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